Portfolio lenders - ones that don’t sell their loans to Fannie Mae have more leeway.Another thought is to build a 4plex - so it is one purchase with 4 doors.  

Fannie Mae or Freddie Mac won't touch them.Many buildings allow STR because they realize there are a lot of out-of-state and foreign national buyers wanting to place their money in the Miami real estate market because it is such a good investment.

Quote from @Mae Galang:thank you.

In the 4th Quarter of 2023, Fannie Mae introduced a new product allowing for a 🤩 5% down payment on owner-occupied properties with up to 4 units.🔥 This can be a great way to start building passive income immediately.🤑 By purchasing a fourplex, living in one unit, and renting out the other three, you could effectively live for free while simultaneously building equity📈 and generating passive income.

They all lead to a significant negative monthly return due to one or more of the following reasons:1) Asking Price is too high2) Traditional loan rates (FHA and Fannie Mae) are too high and affect total debt payment3) Existing rents are too low, so loan underwriters won't approve.4) Market Rents aren't high enough5) I would like to use the minimum down payment with FHA (3.5%) or Fannie Mae (5%).So, from all of these attempts, my understanding is the only way to make a house hack work in this region where I would at least breakeven on a monthly basis, is to purchase at a significantly lower price, lock in a nice creative deal or bring up my down payment to at least 20%.

Here is what the actual source, Fannie Mae who makes the rules for conventional mortgages:https://selling-guide.fanniemae.com/sel/b3-3.1-08/rental-inc...You would be looking for the section on "offsetting monthly obligations for rental property reported through a partnership or S Corp".

This allows our machine learning models to provide more accurate rental price suggestions by avoiding less similar locations.While PadStats is currently available in two states and a few other MSAs, adding support for Richmond, VA, would be straightforward.Their revolutionary rental Automated Valuation Model (AVM) considers 23 inputs for each property, using Fannie Mae condition guidelines to score and assess property conditions via AI and computer vision.

Quote from @Mae Galang: Hi there,Pretty new to REI as well.Things I've done to gain knowledge:-Listen to BP podcast-Read RE books-Enrolled in a RE course (I take an exam in a few months to obtain my license)-Look at listings throughout the day in states I've been eye-ing-Analyze potential deals by plugging numbers in a spreadsheet (to calculate what ROI will be first year, second year, etc) -Been reaching out to seasoned RE investors-Saving more $ to increase capitalGood luck to us!

You can use FHA 3.5% down or Fannie Mae 5% if you are talking about Multifamily home. 

Welcome @Mae GalangBumping to get you exposure.